How Much Does 2004 Honda CR-V Insurance Cost?

Trying to find lower car insurance rates for your Honda CR-V? Perplexed by the dozens of car insurance choices in your area? Lot’s of other drivers are too. You have such a large number of options that it is a difficult challenge to find a more affordable company.

If you have car insurance now, you should be able to save some money using this information. The purpose of this post is to teach you how car insurance quotes work and some money-saving tips. But vehicle owners benefit from understanding how big insurance companies compete online.

Compare free insurance rate quotes

There are several ways to shop for insurance, but some are more efficient than others. You can spend countless hours driving to local insurance agents in your area, or you can stay home and use the internet to get rate comparisons in just a few minutes.

Most of the best insurance companies belong to an insurance system where prospective buyers enter their policy data once, and at least one company can give them a price for coverage. This saves time by eliminating form submissions for each company. To compare rates now click here (opens in new window).

The only drawback to getting quotes like this is you are unable to specify which carriers to get quotes from. If you would rather choose individual companies to compare, we have a page of the cheapest insurance companies in your area. View list of insurance companies.

You can use whichever method you prefer to find lower rates, just do your best to use equivalent quote data for every quote you compare. If you compare different data you will not be able to truly determine the lowest rate. Even a minor difference in coverages may result in large price differences. Just keep in mind that comparing a large number of companies provides better odds of finding lower pricing. Not every company provides quotes online, so it’s recommended that you also compare price quotes from the smaller companies as well.

Discounts for lower-cost insurance coverage quotes

Auto insurance companies do not advertise all available discounts very well, so we took the time to find a few of the more common as well as some of the hidden credits that you can use to lower your rates. If you check and find you aren’t receiving every discount possible, you could be paying more than you need to.

  • Passive Restraints – Factory options such as air bags or automatic seat belts can get savings of up to 25% or more.
  • Onboard Data Collection – Insureds that choose to allow their insurance company to monitor driving patterns by installing a telematics device such as Progressive’s Snapshot could possibly reduce rates if they have good driving habits.
  • E-sign Discounts – Some insurance coverage companies will give you a small discount for buying a policy and signing up on their website.
  • Early Signing – Select insurance companies give a discount for buying a policy prior to your current policy expiration. You can save around 10% with this discount.
  • Distant Student Discount – Youth drivers living away from home attending college without a vehicle on campus may be insured at a cheaper rate.
  • Driver Education Discount – Require your teen driver to take driver’s ed class if offered at their school.

Consumers should know that many deductions do not apply to the overall cost of the policy. Most only apply to specific coverage prices like liability and collision coverage. So even though it sounds like all those discounts means the company will pay you, you’re out of luck.

To view insurance companies that offer discounts, click here.

You may need specialized car insurance coverage

When choosing the right insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Every situation is different.

These are some specific questions can help discover if you may require specific advice.

  • Am I getting all the discounts available?
  • Am I covered if I break a side mirror?
  • What is covered by UM/UIM coverage?
  • How do I buy GAP insurance?
  • Do I need added coverage for expensive stereo equipment?
  • Does insurance cover damages from a DUI accident?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • How high should my uninsured/underinsured coverage be in my state?
  • Will my rates increase for filing one claim?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find lower rates from a local agent, simply complete this short form.

Lower your insurance prices

Many factors are considered when premium rates are determined. Some are pretty understandable like a motor vehicle report, although others are more transparent such as your credit history or your financial responsibility.

  • Remove unneeded extra policy coverages – Insurance companies have many extra coverages that can waste your money if you aren’t careful. Add-on coverages like roadside assistance, death and dismemberment, and membership fees are some examples. These coverages may sound good initially, but if you have no use for them consider taking them off your policy.
  • Better insurance rates with anti-theft devices – Purchasing a vehicle with a theft deterrent system can earn a premium discount. Anti-theft devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping car theft.
  • High insurance claims frequency drives up insurance rates – If you frequently file small claims, you should expect either higher rates or even cancellation. Auto insurance companies generally give discounts to people who file claims infrequently. Insurance coverage is intended for major claims that would cause financial hardship.
  • Maintain insurance coverage – Allowing your insurance policy to lapse will be a quick way to increase your rates. Not only will you pay more, being ticketed for driving with no insurance can result in a steep fine or even jail time. You may need to provide proof of insurance in the form of an SR-22 filing with your state department of motor vehicles.
  • Your job is a factor – Jobs such as military generals, business owners and accountants tend to pay the highest rates in part from stressful work requirements and lots of time spent away from family. Other careers like farmers, athletes and homemakers pay the least on CR-V insurance.
  • Younger vs. experienced drivers – Inexperience drivers have a tendency to be careless and easily distracted when driving and because of this, their insurance rates are much higher. Having to add a young driver onto a policy can break the bank. Older insureds tend to be more responsible, file fewer claims and tend to be get fewer driving tickets.
  • Drivers with responsible credit save on insurance – Your credit score factor in calculating your premium rate. Drivers with very good credit scores tend to be more responsible and file fewer claims as compared to drivers with lower credit scores. Therefore, if your credit is not that good, you could potentially save money when insuring your 2004 Honda CR-V by improving your credit score.
  • Discounts for auto and home policies – Most companies apply a discount to buyers who consolidate policies with them, otherwise known as a multi-policy discount. If you currently are using one company, it’s still a good idea to compare other company rates to help guarantee you have the best rates. Drivers may still save even more than the discount by insuring with multiple companies.

Does insurance advertising bend the truth?

Respected companies like State Farm, Allstate and Geico seem to constantly run television and radio advertisements. All the ads try to convey promises about savings just by switching to their company. But how can every company have lower policy pricing? It’s all in the wording.

Insurance companies provide the lowest rates for the driver that will generate a profit. One example of a profitable customer could possibly be over the age of 40, carries full coverage, and drives a safe vehicle. Someone who matches those parameters will probably get the lowest premium rates and as a result will probably pay quite a bit less when switching companies.

Potential customers who may not quite match these criteria must pay higher rates which translates to the prospect going elsewhere. The trick companies use is to say “people who switch” but not “everyone who gets a quote” save that kind of money. That’s why insurance companies can confidently state the savings.

Because every company is different, you really should compare as many free insurance quotes as you can. It is impossible to guess which insurance company will give you lower rates than your current company.

Detailed coverages of your auto insurance policy

Understanding the coverages of your policy helps when choosing which coverages you need for your vehicles. Auto insurance terms can be impossible to understand and coverage can change by endorsement.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your Honda CR-V.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time these coverages are similar to your liability insurance amounts.

Comprehensive auto coverage

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as damage from getting keyed, rock chips in glass, hail damage, vandalism and damage from flooding. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability insurance

Liability coverage provides protection from injuries or damage you cause to other’s property or people by causing an accident. It protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 50/100/50 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Another option is a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers things such as structural damage, pain and suffering and bail bonds. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Medical payments and PIP coverage

Med pay and PIP coverage pay for short-term medical expenses like chiropractic care, surgery, X-ray expenses, pain medications and rehabilitation expenses. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Auto collision coverage

This coverage pays for damage to your CR-V resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like colliding with another moving vehicle, scraping a guard rail and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

More choices the merrier

Some companies may not have price quotes online and many times these small, regional companies only sell coverage through independent insurance agents. Lower-priced insurance coverage is attainable online as well as from insurance agents, and you need to price shop both so you have a total pricing picture.

When trying to cut insurance costs, don’t be tempted to buy less coverage just to save a little money. There have been many situations where an insured dropped collision coverage and discovered at claim time that the savings was not a smart move. Your goal should be to find the BEST coverage for the lowest price but still have enough coverage for asset protection.

In this article, we covered quite a bit of information on how to lower your 2004 Honda CR-V insurance rates. The key concept to understand is the more price quotes you have, the better your chances of lowering your car insurance rates. Consumers may even find the best rates are with some of the smallest insurance companies.

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